As of 2025, Absa Group has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets and 1 intensity-based target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Absa Group's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total, Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Business Travel (Cat. 6) | Metric Tonnes of CO2 equivalent (mtCO2e) | -51%a | 2030 |
Absolute-based Target* | Scope 3 - Business Travel (Cat. 6) | Metric Tonnes of CO2 equivalent (mtCO2e) | -20%a | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -25%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas Produced | -15%a | 2030 |
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As of 2025, Absa Group has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.a
As of 2025, Absa Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Absa Group's most ambitious value chain target is to reduce these emissions by 25% by 2030, compared to a baseline of 1,897,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.a
As of 2024, Absa Group is ahead of schedule on its value chain emissions reduction target, having achieved 57.76% of the planned reduction.a
As of 2025, Absa Group has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Absa Group's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 272,780 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018, by 51% by 2030.a
As of 2025, Absa Group is ahead of schedule on its total carbon footprint reduction target, having achieved 88.35% of the planned reduction.a